New Company Registrations
Incorporating a new company takes various processes and sometimes taking the help of a professional is the best way to register a company. Registration is extremely important for each and every company no matter whether it's a private or public limited company. As company is defined as a legal entity or an artificial person so, it's very much essential to register a new company once it has established all its operations in order to protect from all types of illegal actions by others. In India, as per the Companies Act, 1956, primarily there are two categories of companies are available; private limited and public limited. A private limited company is one which has minimum two shareholders and maximum is fifty but in case of a public limited company the minimum numbers of shareholders are seven and there is no limit of maximum numbers of shareholders. A private limited company can't issue shares to public to raise the requisite capital but a public limited company free to issue any numbers of shares in order to raise its capital from public. In India, the Registrars of Companies (ROC) are authorized body established under the Indian Companies Act, 1956 to register new companies by checking some required documents.The following important documents need to be submitted at the applying for a new company registration in India
- Three copies of Memorandum of Association (MoA) and Articles of Associations (AoA) dully signed and stamped.
- Name of Board of Directors and Managing Directors
- The date and year of company establishments
- Application fee for company registration
New Company Registration in Abroad
New companies registered in abroad; especially in United Kingdom (UK) and Australia follow their own country's rules and regulations when they apply for company registration. In UK, new companies are registered under the UK Companies Act, 1985 of the Parliament. And in Australia, all business and new enterprises are incorporated and registered under the Australian Capital Territory (ACT) of the Australian Business and Companies Act, 1963 as per their Government's rules and regulations. Therefore, new company registration in India has its own rules and regulations when it comes to the formation or incorporation of a brand new enterprise. Different countries have their own rules and regulations in case of registering a new company so; one should follow the rules while applying for new company registration.